WTI Crude: Golden Cross May Encourage Bulls
Satendra Singh | Mar 12, 2019 02:47AM ET
On analysis of the movements of WTI Crude Oil futures in different time frames, I find that the formation of "Golden Cross" in an hourly chart may encourage crude bulls to bounce more upward from the current levels with supportive inventory today amid different noises on OPEC cuts and growing trade war optimism. I find that a sustainable move at the current levels will result in an eruptive move shortly.
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